On 24.06.14,22:08, Rick F wrote:
> "Allowing the cost to show up in
>
> both places would break the accounting equation; this transaction must
> balance."
>
>
> So I've been thinking about this and I think that is the fundamental problem.
> Technically, commission (at least in the U.S.) isn't an expense, it's an
> asset. It sounds strange, but think about it. In the U.S., the commission
> counts toward the cost basis and the cost basis is recorded with the asset.
> It's the whole depreciate vs. expense issue in accounting.
>
>
> I'm not sure how, but I think the solution is somewhere down that road.
> Maybe creating a fake asset that is the commission per share, maybe a
> sub-asset.
>
>
> The thing is, this isn't a new problem. This isn't a ledger problem so much
> as an accounting problem. Accountants (in the U.S. at least) already have to
> deal with this situation. Does anyone know how accountants deal with this
> currently?
>
>
> Rick
>
>
> On Saturday, June 14, 2014 10:50:32 AM UTC-7, Martin Blais wrote:
> >
Would this then be the best way to calculate it?
; Initial openings at 2014/01/012014-01-01 Opening Balance
Assets:Bank:Check Account 5000,00 €
Equity:Opening Balance
; Details of shares at 2014/01/01
;P 2014-01-01 00:00:00 ShareA 20 €
;P 2014-01-01 00:00:00 ShareB 100 €
2014-01-01 Details for shares
Equity:Opening Balance:Initial Investments
Assets:Investments:Stocks:ShareA 15 ShareA @ 20 €
Assets:Investments:Stocks:ShareB 5 ShareB @ 100 €
; Details of shares at 2014/04/01
P 2014-04-01 00:00:00 ShareA 30 €
P 2014-04-01 00:00:00 ShareB 120 €
; Selling 2 ShareB at 2014/04/01
2014-04-01 Selling 2 ShareB
Assets:Investments:Stocks:ShareB -2 ShareB @ 100 €
Assets:Commission -9,90 €
Assets:Cash 2 ShareB @ 120 €
Income:Investment Gains
; Details of shares at 2014/05/02
P 2014-05-01 00:00:00 ShareA 70 €
P 2014-05-01 00:00:00 ShareB 120 €
Selling 2 ShareA at 2014/05/01
2014-04-02 Selling 4 ShareA
Assets:Investments:Stocks:ShareA -4 ShareA @ 20 €
Assets:Commission -9,90 €
Assets:Cash 2 ShareA @ 120 €
Income:Investment Gains
Jostein
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